Attacking inflation through wage/price controls is part of a
a. orthodox stabilization strategy
b. response to inertial inflation
c. strategy supported by the International Monetary Fund
d. response to rapid money supply growth
e. none of the above
B
Economics
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Describe the channels by which monetary policy ripples through the economy and explain how each channel operates
What will be an ideal response?
Economics
Failure of market outcomes occurs when:
A. there are no market failures but the market is not achieving society's goals. B. there are market failures such as externalities. C. the market outcome is not Pareto optimal. D. the market outcome is not efficient.
Economics